Morning Business Headlines

Wednesday, July 31, 2013 10:40 AM

GDP is growing ... faster than expected?

The New York Times reports that the economy grew at an annual rate of 1.7 percent in the second quarter, an increase from the first part of the year and well ahead of the pace economists expected. The growth rate for the first quarter, however, was revised downward.Read more|See the full report

Southwest DINGED for fare advertising violations

The Dallas Morning news reports that the U.S. Department of Transportation was fining Southwest Airlines $200,000 for failing to comply with DOT rules on pricing. The DOT rules say that airlines that advertise a price have to have a reasonable number of seats available at that price. Southwest had advertised fares but didn't make enough seats available.Read more

China stocks are world's worst

Bloomberg reports that just four years afterChina'sgrowthhelped lead the global economy out of a recession, the nation's stock market has lost more money for investors than any other in the world.Read more